India, Russia Agree To Advance Bilateral Investment Treaty Talks o Boost Investment and Economic Cooperation
India and Russia have decided to accelerate discussions on a bilateral investment treaty (BIT) as both countries look to create a framework that can encourage greater investment and strengthen economic relations. The development followed a meeting between Finance Minister Nirmala Sitharaman and Denis Manturov, first deputy prime minister of the Russian Federation, in New Delhi. Manturov was part…
India and Russia have accelerated talks on a bilateral investment treaty (BIT) to bolster investment and deepen economic ties. This move follows a meeting between Finance Minister Nirmala Sitharaman and Russia's First Deputy Prime Minister Denis Manturov in New Delhi. The finance ministry stated that both countries discussed expanding economic cooperation.
A BIT would provide rules and protections for investments, creating a stable environment for businesses. The talks also covered enhancing cooperation in the financial services sector. The discussions come as both nations continue efforts to strengthen their long-standing economic and strategic partnership. Russian President Vladimir Putin visited India on September 11 to attend the BRICS Summit, where leaders will discuss bilateral ties, including trade and economic cooperation.
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